Hague Office ViewPoint – Green shoots appearing October 2017

The Hague office market has been lagging behind compared to other main markets in the Netherlands, which has resulted in a historically wide yield gap combined with an improving occupier market. Based on the improving market data and the feedback from local occupiers, we expect the take-up level from both the government and commercial sector to improve further. Meanwhile, on-going conversions will continue to reduce the available space. For these reasons, investment volumes have clearly picked-up and we expect more investors to see the opportunity that the The Hague market presents.